21 hours Oklahoma Package #1
21 hours Oklahoma Package #1
The package includes the following courses: Broker Relations Fair Housing Ethics Reduction of Risk Strategic Planning Home Inspection Using the Internet to Serve Clients
•Broker Relations •Fair Housing •Ethics •Reduction of Risk •Strategic Planning •Home Inspection •Using the Internet to Serve Clients
21 hours Oklahoma Package #3
The package includes the following courses: Broker Relations Fair Housing Professional Conduct Reduction of Risk Closing RE Trans Closing Documents Negotiating RE Trans
•Broker Relations •Fair Housing •Professional Conduct •Reduction of Risk •Closing RE Trans •Closing Documents •Negotiating RE Trans
Professional Conduct ( PSC) - Real Estate Ethics (3 hrs) Fair Housing ( FHR) – Fair Housing (3 hrs) Broker Relationships Act ( BRA) – Broker Relationships Act (3 hrs) Hot Topic ( HOT) (which will consist of a variety of issues ranging From Code and Rule updates to major industry concerns) - OREC Auditing & Investigations – 3 hrs 9 hours of Electives
•Professional Conduct (PSC) – Real Estate Ethics (3 hrs) •Fair Housing (FHR) – Fair Housing (3 hrs) •Broker Relationships Act (BRA) – Broker Relationships Act (3 hrs) •Hot Topic (HOT) (which will consist of a variety of issues ranging From Code and Rule updates to major industry concerns) – OREC Auditing & Investigations – 3 hrs •9 hours of Electives
Oklahoma real estate continuing education course online. This course fulfills Oklahoma Real Estate Commission (OREC)’s continuing education requirement.
Please check the box next to the course(s) you wish to take. Then click the “Add To Cart” button to proceed with registration.
Code of Ethics -> OK
This course covers the standards of conduct and ethical judgment by addressing the different concepts that contribute to ethical business practices. This course will introduce the student to ethics and morals by defining both terms in order to distinguish differences between the two. The student will also learn the four approaches to ethical decision-making; therefore, after learning the Articles and Standard Practices of the NAR® Code of Ethics, the student will be able to use the model identify any violations of the Code. This course addresses the following topics:Definition of Ethics and Morals The Four Approaches to Ethical Decisions Articles in the Code of Ethics Using the Model for Ethical Decision-Making Basics of the Professional Standards Enforcement Process through the Local REALTOR® Board of Association More Risk Management in Action to Improve Business Real Estate PracticeThis course will include seven lessons. Lesson One will introduce the concept of ethics and morals. Lesson Two will introduce four approaches to making ethical business decisions and a model for ethical decision making. Lesson Three will present an overview of the NAR® Code of Ethics including the concept of aspirations within the Pre-Amble and the Articles and Standard Practices in the NAR® Code of Ethics. In Lesson Four, participants will use case studies to apply the model for making ethical decisions, which includes using the four approaches to business ethics while utilizing the NAR® Code of Ethics. Lesson Five focuses on ethics complaints, arbitration and mediation. Lesson 6 will conclude the course with a discussion of unethical conduct, antitrust laws and violations of antitrust laws and professional and ethical business practices. Lesson 7 will conclude the course with a presentation of real world situations and applications of the information presented. As the student completes this course, he or she should try to paint a big picture of the code of ethics, which the course will address with comprehensive content questions, practices, and case studies.
This course covers major environmental hazards. Licensees need to familiarize themselves with environmental issues because they have a responsibility to disclose to buyers any information that might affect their decision to buy. Environmental hazards can dramatically affect a propertys value, so buyers, sellers, lenders and licensees all can be affected by them. This course includes the following lessons: – The Indoor Environment- The External Environment- Legislation- Disclosure and Site Assessment- Real Estate PracticeStudents will learn throughout this course to identify internal and external environmental issues. They will learn about health hazards, environmental legislation, liability and responsibility for cleanup and protection. They will also learn about actions they should take and how issues affect licensees and lending. Licensees are not expected to be environmental experts, but in this course students will acquire a competency with environmental issues which will help them to elucidate issues for buyers, sellers and lenders. Knowledge of environmental issues also will help protect them from charges of nondisclosure. The conclusion of this course presents real world dilemmas and applications of the information presented. As the student completes this course, he or she should try to paint a big picture of environmental issues, which the course will address with comprehensive content questions, practices and case studies.
Negotiations in Real Estate Transactions -> OK
A contract is an agreement between two or more parties to do or not to do something. Consideration is the exchange promised in the contract. In a real estate purchase contract, it is usually an exchange of promises. The buyer promises to “purchase and pay” if the seller will “sell and convey” title and possession of the property. This course discusses Contracts and Consideration, administrative tasks, discharge of contracts, negotiations and tactics, basics of quality negotiations, laws affecting negotiations, Oklahoma Real Estate Code, Oklahoma Real Estate Commission Rules, comparative advantage, legal consideration and principled negotiations.
Quality Management in a RE Firm
Quality control is insuring that minimum variations have been designed and built into a product or service. This lesson will discuss access time, accumulated delay, action time, conformance, CQI, management by exception, optimum conformity, perception, performance indicators, productivity, quality, quality control, service industry, time management and training.
The closer is responsible for preparing the closing documents. These may include: HUD-I Settlement Statement, Deed, Affidavit of No Liens, Satisfaction of Mortgage, Request a Full Reconveyance, Miscellaneous Affidavits to clear title, Quit Claim Deed to clear title or for special interests. This course covers the following topics: errors, preparation of the settlement statement, HUD-I Form including usual use, overview and sources of information for completing the HUD-I Form; the real estate purchase contract, transaction control sheet, assumptions, calculations, prorations, RESPA and taxes.
This course discusses where and for whom the entries are made on the HUD-I Form, including seller debits and credits, contract sales price, transfer of security or other deposits, broker commission, mortgage loan costs, title/abstract fees and related charges, attorneys fees and title insurance, lenders and owners coverage, recording fees, miscellaneous closing costs, borrowers debits and credits, new lender and purchase money mortgage, transfer of deposits, and lender pre-paid and reserves.
Oklahoma Real Estate Education Requirements
Provisional Sales Associate- A provisional sales associate (PSA) is an entry level licensee, which is under the supervision of a real estate broker. A PSA can not enter into contractual agreements with a customer or client in his or her own name, but must enter into such agreement for and in the name of their sponsoring broker. In order to apply for a PSA license, a person must be of good moral character, eighteen (18) years of age or older, and submit evidence to the Commission of successful completion of Part I of ninety (90) clock hours of basic real estate instruction in a course that is approved by the Commission.
Upon passing the state examination and obtaining a PSA license from the Commission, the PSA has a Part II post-license education requirement of forty-five (45) clock hours that must be completed within the first year of obtaining a license. The Commission has identified core subject matter that qualifies to meet this requirement; and also approves other subject matter totaling forty-five (45) clock hours or more, as long as it is real estate related and is approved by the Commission. Once a PSA has completed Part II of the course requirement and has provided the Commission with evidence of such completion, at the end of their one-year license term their license will be issued as a sales associate (SA) license (upon submission of the appropriate form and fees.)
Sales Associate – A sales associate (SA) license is the same as a provisional sales associate (PSA) license except: 1) the sales associate no longer has a forty-five (45) clock hour Part II post-license education requirement, but rather has a twenty-one (21) clock hour continuing education requirement each active license term; and 2) the sales associate license is a three-year renewable license, as opposed to the provisional sales license which is only a one-year license.
In order to obtain a SA type of license, a person must be of good moral character, eighteen (18) years of age or older, and submit evidence to the Commission of successful completion of ninety (90) clock hours of basic real estate instruction in a course that is approved by the Commission.
Upon passing the state examination a sales associate must work under the sponsorship of a real estate broker. A sales associate cannot enter into contractual agreements with a customer or client in his or her own name but must enter into such agreement for and in the name of their sponsoring broker.
Broker - A broker license allows a person to do business as a firm and sponsor licensed associates (provisional sales associates, sales associates or broker associates.) The broker will be responsible for activities of their associates. In order for an applicant to apply for a broker license, the applicant must be of good moral character, possess two (2) years of active experience, or its equivalent, as a PSA or SA within the past five (5) years, and submit evidence of successful completion of ninety (90) clock hours of advanced real estate instruction in a course that is approved by the Commission.
A broker applicant may request the two years experience to be waived but no education course content may be waived. The broker applicant must show proof of successful completion in the basic, provisional post-license (or its equivalent) and advanced course of study prior to qualifying for the broker examination. Upon request from the Commission, an applicant may attempt to qualify for the two (2) year waiver and must submit all documentation as required by the Commission to verify the waiver. Upon passing the state examination, a broker has the option of applying for a license as a broker associate, proprietor broker, managing broker for a corporation or association, or as a broker partner of a partnership. For additional information refer to the Broker Licensing Options.
Continuing Education – Continuing education courses are required for sales associates and brokers who desire to renew their licenses on an active status. Provisional sales associates have a separate and unique post-license requirement and they are not required to complete continuing education. Upon being issued a real estate license, a sales associate or broker is required to complete twenty-one clock hours every three (3) years. Licensees are required to take, each license term, 12 required clock hours consisting of 4 (four) core subjects as determined by the Commission and 9 clock hours consisting of elective subjects. The 4 (four) core subjects are listed as follows: (This requirement does not apply to a provisional sales associate.)
Professional Conduct (PSC)
Fair Housing (FHR)
Broker Relationships Act (BRA)
Hot Topic (which will consist of a variety of issues ranging From Code and Rule updates to major industry concerns) (HOT)
Licensees who maintain inactive licenses are not required to complete continuing education; however, if a licensee desires an active license, the licensee will be required to complete the required hours prior to activation of a license